Ur-Energy (TSE:URE) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Ur-Energy Inc. (TSE:URE) (NYSE:URG)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.20 and traded as low as C$1.82. Ur-Energy shares last traded at C$1.83, with a volume of 186,243 shares traded.

Analyst Ratings Changes

URE has been the subject of several recent analyst reports. Royal Bank Of Canada upgraded shares of Ur-Energy to a “moderate buy” rating in a research note on Monday, July 13th. B. Riley Financial upgraded shares of Ur-Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Canaccord Genuity Group raised shares of Ur-Energy to a “strong-buy” rating in a report on Thursday, April 2nd. Four research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Ur-Energy Stock Performance

The stock has a 50-day simple moving average of C$2.09 and a 200 day simple moving average of C$2.20. The company has a debt-to-equity ratio of 83.56, a current ratio of 4.44 and a quick ratio of 4.64. The company has a market capitalization of C$727.12 million, a PE ratio of -7.63, a P/E/G ratio of -0.81 and a beta of 0.32.

Ur-Energy (TSE:URE) (NYSE:URG) last announced its quarterly earnings results on Friday, May 8th. The company reported C($0.10) earnings per share for the quarter. Ur-Energy had a negative net margin of 297.81% and a negative return on equity of 105.08%. The firm had revenue of C$5.43 million during the quarter. Equities analysts anticipate that Ur-Energy Inc. will post 0.0273858 EPS for the current fiscal year.

Ur-Energy Company Profile

Ur-Energy is a uranium mining company operating the Lost Creek in situ recovery uranium facility in south-central Wyoming. We have produced and packaged approximately 3 million pounds of U3O8 from Lost Creek since the commencement of operations. Ur-Energy has begun development and construction activities at Shirley Basin, the Company’s second in situ recovery uranium facility in Wyoming. Ur-Energy is engaged in uranium recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States.